In the encryption circle, it is rarely the "wrong direction once" that really knocks people out. Catch a large number of people who have looked in the right direction. However, the accounts always remain stagnant, and even the ones that are getting smaller are the same group of people. The return of Suoha Shanzhai to zero is the position. In a bull market, it is the position that falls short and then hits the thigh. A bear market with full positions and deep positions, without even room for adjustment, is still a position. There is no god of steady wins in this market, only people who can survive the next cycle. Position management is not just icing on the cake, it's about saving lives. Three things to nail first: 1. Priority given to principal, with profits ranking in the back row A single loss is initially locked in at 2% -4% of the principal. 100000 principal, this loss should be stopped when it reaches 4000. The principal is still there for the next installment. The principal is gone, and even the most accurate judgment is just watching from the sidelines. 2. If the volatility is greater than the stock market, the position should be smaller than the stock market The annualized volatility of cryptocurrency assets is often two to three times that of the stock market. Using the logic of stock positions is like treating storms as swimming pools. The overall position should be at least 30% more conservative than when you were trading stocks. 3. The position follows the cycle, not the emotions A bull market can raise 50% -70% to eat trends. The bear market first drops to within 30%, and cash is a part of the position. BTC/ETH、 Shanzhai and leverage should be counted separately and not mixed into one pot. Five methods that can be directly applied: 1. Open the money first and then decide to enter the venue The principal shall be divided into at least three parts: about 10% trial and error, an additional 20% after trend confirmation, and the remaining amount shall be kept as a buffer and a remedy for missed opportunities. Filling it up once is equivalent to giving up the fault-tolerant space first. 2. Limit weight according to variety, do not increase according to "optimistic level" The total upper limit of BTC/ETH can reach around 25%. Single knockoff is not recommended to exceed 5%. The leverage principal (even if it is within 10 times) is individually limited to 10% of the total funds. Whether it's worth it or not. 3. Set a stop loss first, and then reverse calculate how much it can open First, ask yourself: how much money can you lose at most and what is the approximate stop loss (such as 6%). Calculate the position by dividing the "loss amount ÷ stop loss margin" and leave some margin to be swept. Opening a position first and then stopping losses, the position will definitely be inflated by emotions. 4. If the cycle changes, the position also needs to change The bear market trial position can be pushed down to 5% -8%, with the aim of observing it alive. At the beginning of the bull market, it rose to 50% -70%. Starting to drop back to around 30% at the end, move profits out of your position instead of waiting for a pullback to help you move. 5. The plan should be written before entering the site, not after the loss Entry point, stop loss, and advance positioning. The single currency position shall not exceed 20%. Stop and review after losing three times in a row, don't use the next payment to avenge the previous one. The essence of emotional trading is to temporarily change positions. The market is never lacking in opportunities. What's missing is that when the opportunity arises, you still have the principal in your account that can be used to make the next installment. Live first, then we can talk about catching the next round. ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ btc